Overall unemployment rate moved up to 9.5% with the biggest shift in Restaurants & Hotels, which gained 24,300 roles, based on the most recently available information published in July 2021.
Total employment in the Los Angeles-Long Beach-Anaheim, CA market declined by 53,279 jobs in June and the unemployment rate increased compared to the prior month by 30 bps to 9.5%. The national unemployment rate increased by 60 bps over the same time to 6.1%.
- Los Angeles-Long Beach-Anaheim, CA unemployment rate is 341 bps above the national rate which is a negative sign.
- Unemployment in the market is 730 bps below the unemployment rate in the market last year at this time, which is a positive.
- Average wages (per hour) grew in June versus prior month by 2.5% and are down compared to last year at this time in the market.
For key employment segments of the market, total jobs grew by 0.6% . Key sectors include:
- Education & Healthcare: 1,064,100; -3,200
- Transportation & Utilities: 1,054,400; +9,400
- Business Services: 916,400; +700
- Government: 714,900; -800
- Restaurants & Hotels: 629,200; +24,300
- Manufacturing: 458,200; +3,600
- Financial Services: 323,100; -600
- Construction, Mining: 254,000; +2,500
- IT & Development: 203,200; -1,300
- Other Jobs: 171,800; +2,700
Data is based on the most recent 12 months available, through June 2021 (Data published July 2021 and reports created on July 28, 2021). Source: Government data agency and locally acquired statistics.
Note: All reported data is not seasonally adjusted.